I review the list of d
ividend increases every week, as part of my monitoring process.
It's one of my processes to monitor existing holdings and potentially uncover companies for further research.
This exercise helps me stay sharp and keep the pulse of the Dividend Growth Investing Universe.
This exercise also showcases the inputs I use to quickly decide if I want to study a company further or not. In general, I look for companies that can grow dividends at a decent clip, fueled by growth in earnings per share. I want to acquire such a company at a good entry price. I also want a company that can keep growing those dividends in the future, as the durable business model produces higher earnings.
You can see I have humble needs from life.
For this review, I focused on the companies that raised dividends last week, which also have a ten year minimum streak of consecutive annual dividend increases under their belts. The companies include:
The Kroger Co. (KR) operates as a food and drug retailer in the United States.
Kroger raised quarterly dividends by 9.40% to $0.35/share. This marks the 19th consecutive year of dividend increases for this dividend achiever. During the past decade, the company managed to grow dividends at an annualized rate of 13.52%.
Between 2015 and 2024, the company managed to grow earnings from $2.09/share to $3.7/share.
The company is expected to earn $4.77/share in 2025.
The stock sells for 14.94 times forward earnings and yields 1.80%.
Matson, Inc. (MATX) engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics.
The company raised quarterly dividends by 5.90% to $0.36/share. This is the 13th consecutive annual dividend increase for this dividend achiever. During the past decade, the company managed to grow dividends at an annualized rate of 7.18%.
Between 2015 and 2024, Matson managed to grow earnings from $2.37/share to $14.14/share. There were some record earnings per share in 2021 and 2022 of $21.67/share and $27.28/share respectively however. That Covid boom really messed the business cycle for a lot of companies, by pulling a lot of demand into a few short years, followed by a lower demand thereafter.
The company is expected to earn $10.49/share in 2025.
The stock sells for 10.35 times forward earnings and yields 1.25%.
Worthington Enterprises, Inc. (WOR) operates as an industrial manufacturing company. It operates through two segments, Consumer Products and Building Products.
The company raised quarterly dividends by 11.80% to $0.19/share. This is the 15th year of consecutive annual dividend increases for this dividend achiever. During the past decade, the company managed to grow dividends at an annualized rate of 4.36%.
Between 2016 and 2025, the company's earnings per share went from $2.30 to $1.94.
The company is expected to earn $3.53/share in 2025.
The stock sells for 17.90 times forward earnings and yields 1.08%.
Relevant Articles:
- Four Dividend Growth Companies Increasing Dividends Last Week
